FY24 GROWTH BEATS EXPECTATIONS AT 8.2%

India FY24 GDP growth data: Indian economy grew at a faster-than-expected rate of 7.8% year-on-year in the January-March quarter, driven by robust growth in the manufacturing sector. For the full year 2023-24 it is estimated that India’s GDP is estimated to have grown at a robust 8.2%. Economists anticipate this momentum will remain strong throughout the year.

Going ahead, Dr DK Srivastava, Chief Policy Advisor, EY India said that the FY25 real GDP growth will be in the range of 7 to 7.5%, expecting continued high capital expenditure growth in the forthcoming full year FY25 budget.

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